How did RANI's operating expenses trend in Q4 2024?
5/9/2025 01:18am
Rani Therapeutics Holdings Inc.'s operating expenses for Q4 2024 are not currently available. However, the latest available data is from Q3 2024, where the company reported a decrease in operating expenses.
1. **Comparison with Previous Quarters**: Operating expenses for the nine months ended September 30, 2024, were $38.4 million, marking a decrease of 27.2% compared to the same period in 2023, driven by lower compensation costs and reduced third-party services.
2. **Trend Analysis**: The trend in operating expenses has been decreasing, with a 33.9% reduction in expenses for the three months ended September 30, 2024, compared to the same period in 2023, primarily due to reductions in workforce and third-party services.
In conclusion, Rani Therapeutics Holdings Inc. has demonstrated a decreasing trend in operating expenses, which aligns with the company's strategic cost-management initiatives.